In a CSO transaction, an investor buys notes from or sells protection to a specialpurpose vehicle (“SPV”) that provides exposure/risk to an underlying
CSOs
![Collateralized Debt Obligation CDO](https://emadzikry.com/wp-content/uploads/2023/09/CollateralizedDebtObligationCDO-db033b59f59d49898dde0be07c17bba5.jpg)
In a CSO transaction, an investor buys notes from or sells protection to a specialpurpose vehicle (“SPV”) that provides exposure/risk to an underlying